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Press release from Business Wire

Law Offices of Howard G. Smith Announces Investigation of Best Buy Company Inc.

Wednesday, August 08, 2012

Law Offices of Howard G. Smith Announces Investigation of Best Buy Company Inc.13:03 EDT Wednesday, August 08, 2012 BENSALEM, Pa. (Business Wire) -- Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Best Buy Company Inc. (“Best Buy” or the “Company”) (NYSE:BBY) related to the proposed acquisition of the Company by the Company's founder, Richard Shulze (the “Offer”). The Offer is valued at approximately $8 billion, or between $24 and $26 per share. This investigation concerns whether the Board of Directors of Best Buy has breached its fiduciary duties to stockholders by failing to adequately assess Mr. Shulze's Offer, and whether the Company has disclosed all material information to shareholders about the transaction. If you are a shareholder of Best Buy, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com. Law Offices of Howard G. SmithHoward G. Smith, Esquire(215) 638-4847(888) 638-4847howardsmith@howardsmithlaw.comhttp://www.howardsmithlaw.com